Innovative Food Holdings, Inc. Announces Sale of igourmet.com Business

August 8, 2024

BONITA SPRINGS, Fla., Aug. 08, 2024 (GLOBE NEWSWIRE) — Innovative Food Holdings, Inc. (OTCQB:IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, announced today the signing of an agreement to sell its consumer e-commerce business igourmet.com for $700,000. The Company expects the transaction to close within the next 30 days. The Company’s Pennsylvania facility is not included in the transaction. Acting as sell-side advisors on the transaction were Sampford Advisors, Inc. and Erben M&A Advisors.

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